5Banc Split Inc. Announces Class C Preferred Share Offering

Tuesday, November 29, 2011

5Banc Split Inc. Announces Class C Preferred Share Offering21:33 EST Tuesday, November 29, 2011/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./TORONTO, Nov. 29, 2011 /CNW/ - 5Banc Split Inc. (the "Company") announced today that it has filed a preliminary short form prospectus in respect of a proposed public offering of a new series of Class C preferred shares (the "Class C Preferred Shares"). The Class C Preferred Shares are being offering to the public on a best efforts basis by a syndicate of agents led by TD Securities Inc. which includes Scotia Capital Inc., BMO Capital Markets and National Bank Financial Inc.The Company holds a portfolio of publicly listed common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and The Toronto-Dominion Bank in order to provide holders of the Class C Preferred Shares with fixed cumulative preferential dividends and to provide holders of its Class B capital shares (the "Capital Shares") with a leveraged investment and excess dividends, if any, subject to the prior rights of holders of Class C Preferred Shares and after payment of the expenses of the Company and dividends payable on the Class C Preferred Shares.The Capital Shares and the Class B preferred shares of the Company (the "Class B Preferred Shares") are listed and posted for trading on the Toronto Stock Exchange under the symbols FBS.B and FBS.PR.B respectively. The Class B Preferred Shares will be redeemed on December 15, 2011 in accordance with their terms.This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Fund offered by the prospectus have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.A preliminary short form prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each Province of Canada. The preliminary short form prospectus is still subject to completion or amendment. Copies of the preliminary short form prospectus may be obtained from TD Securities Inc. or any other member of the syndicate. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued. For further information: Investor Relations 416-982-2680

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